The company said on Monday, Aug 6, that during the period between July 8, 2010 until August 6, 2010 a total of 41,809,000 Sunway REIT units have undertaken stabilising action, purchased at a price range of RM0.875 to RM0.90.
“The last purchase was made on 26 July, 2010 at a price of RM 0.90. We have also exercised the over-allotment option for a total of 45,294,915 units on 6 August 2010,” it said.
RHB Investment said that the total purchase made under the price stabilising action of 41,809,000 units and the exercise of the over-allotment option for 45,294,915 units fully cover the 87,103,915 units that were over-allotted in the Initial Public Offering of Sunway REIT.
According to an announcement dated June 28, 2010, the stabilising manager may buy up to 87,103,915 units to undertake stabilising action.
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